Metro Buys Quebec Independent

Metro said last week it has reached an agreement with Groupe GP to acquire Les Supermarches GP, St.-Anne-de-Monts, Quebec, for an undisclosed amount of cash. The deal includes 15 supermarkets in eastern Quebec, including Quebec City, with annual sales of $272 million (U.S.). It is expected to close later this month. It will be Metro's first acquisition since it bought 236 A&P stores